‎Cost Of Aviation Fuel Shouldn’t Exceed N1,988 For Lagos, N2,037 In Abuja – Says NMDPRA

‎In a statement made by NMDPRA Authority Chief Executive (ACE) Mr. Saidu Mohammed, following a meeting of the technical committee on 24th April, 2026, to discuss the issues airlines are having with oil marketers, the regulatory agency recommended the way forward.

It said: “Following the engagements and current market fundamentals, we believe the indicative end-user price should range between ₦1,760 – ₦1,988 per litre and ₦1,809 – ₦2,037 per litre in Lagos and Abuja respectively. The indicative prices are based on Platts average prices for the period 17th – 23rd April 2026. Products purchased outside this window may be higher due to high volatility in current prices precipitated by the U.S.–Iran war and varying operational costs by operators”.

“NMDPRA should direct marketers to sell directly to the airline operators.

‎To ensure price stability, NMDPRA should engage DPRP to adjust the premium on Platts and the cost variation element that was recently increased by the refinery.”

“‎NMDPRA to work with FAAN and NCAA to validate airside distributors with infrastructure, to trim the number of airside operators based on agreed criteria.”